News by State

FBI probing potential public corruption in California capital’s marijuana industry

The FBI is investigating suspected corruption involving Sacramento, California, cannabis businesses and public officials. The FBI interviewed marijuana industry officials in California’s capital city over the past few months about potential bribes made in exchange for license approvals and other favorable treatment, The Sacramento Bee reported Monday. The report about the probe comes a day […]

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California to allow state tax deductions for cannabis businesses

California cannabis businesses will be allowed to deduct expenses on their state income returns after Gov. Gavin Newsom signed a legislator’s proposal into law. Newsom signed into law AB 37, a bill introduced by a fellow Democrat, Assemblyman Reggie Jones-Sawyer The measure will allow such state deductions, starting next year, for cannabis companies that file their […]

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Bloom Farms, Cura Partners settle marijuana lawsuit

California-based cannabis company Bloom Farms settled a defamation lawsuit filed by Oregon’s Cura Partners for an undisclosed sum. Neither company would disclose details of the settlement of the case filed in January in Alameda County Superior Court in California, according to multiple news reports. Cura claimed in the suit that Bloom, an industry rival, had […]

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Nevada governor forms marijuana task force to attack corruption

Nevada Gov. Steve Sisolak on Friday announced he is creating a multiagency task force to “root out corruption or criminal influences” in the state’s legal cannabis market, spurred by federal charges filed against two businessmen with ties to President Trump’s personal lawyer, Rudy Giuliani. The announcement came a day after a federal indictment in New […]

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Week in Review: Cannabis merger goes up in smoke, regulators target MJ vaping, Maine inches toward adult-use sales & more

MedMen and PharmaCann scrap their planned merger, state and federal officials act against marijuana vaping, Maine moves toward the launch of recreational MJ sales by the spring – and more of the week’s top cannabis business news.   MedMen, PharmaCann pull the plug MedMen, a California-based cannabis multistate operator, announced that its planned acquisition of […]

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Vireo agrees to milestone medical cannabis labor pact in Pennsylvania

Minnesota-based Vireo Health, a multistate marijuana operator, signed the first vertically integrated medical cannabis labor agreement in Pennsylvania, a deal that is being touted as a win for both the employees and the company. The three-year pact is between Vireo’s Pennsylvania Medical Solutions subsidiary and the United Food and Commercial Workers (UFCW) Local 1776. The […]

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US Senate leader McConnell expected to discuss marijuana banking reform

U.S. Senate Majority Leader Mitch McConnell is scheduled to talk with cannabis industry executives this week in California about marijuana banking legislation and other issues, perhaps signaling that the Kentucky Republican is open to MJ reform. McConnell is a key gatekeeper in determining whether cannabis banking reform legislation, which recently passed the U.S. House of […]

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Los Angeles attorneys group creates cannabis law practice area

The Los Angeles County Bar Association (LACBA) approved a new law practice section specifically focused on marijuana, a move that could make it easier for a cannabis business operator to find a lawyer knowledgeable in the fast-growing and complex MJ industry. California is the largest legal marijuana market in the world and attorneys are “increasingly […]

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REIT inks $42 million deal with LivWell for Michigan marijuana warehouse

Innovative Industrial Properties, a real estate investment trust (REIT) focused on the cannabis industry, bought a warehouse in Michigan from LivWell Holdings in a $42 million sales-leaseback deal. San Diego-based Innovative Industrial paid $19 million to LivWell Michigan for the 156,000-square-foot warehouse in Warren, Michigan. LivWell Michigan, whose parent is Denver-based LivWell Holdings, will pay […]

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